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Asian dirty aframax rates have also surged recently, tempting LR owners to switch to dirty cargoes
Trafigura buys $135m stake in Scorpio Tankers and offloads $668m loan on the vessels
Chief executive officer Hans van der Zijde alluded to the fact that the move was partially driven by the sale of its partner BW Group’s chemical tanker fleet earlier this year
Demand for product tankers will improve in the final quarter of the year as IMO 2020 regulations set in, chief executive Mikeal Skov says
With no expected increase in Saudi exports in the fourth quarter, Asian refiners are seen increasing crude imports mainly from the Atlantic Basin
Private equity outfit Dee4 Capital Partners has set itself the target of creating a relatively small fund size, not exceeding $100m, and deploying the capital raised within a two-year investment period
In its first quarter as a merged firm, Hafnia grows fleet and sees revenues spike
The company is optimistic about the product sector and the long range two newbuildings with exhaust gas cleaning systems installed will put them in a good position to capitalise on the market
Basic supply-demand balance has reached a tipping point in the product tanker market and IM0 2020 is just the icing on the cake, or perhaps several layers of icing on the cake, Stifel says
Double 36-month charter with anonymous oil major will generate a minimum of $33m in gross revenues
Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each BW Tankers share
Nascent recovery in product tanker market will be put to the test in 2019
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